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ONGC seeks gas price review; wants minimum price fixed at $4.2

ONGC seeks gas price review; wants minimum price fixed at $4.2

Wednesday, March 22, 2017, 4:26 PM

State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost. India's largest natural gas producer demanded a floor or minimum price of natural gas be fixed at USD 4.2 per million British thermal unit for the business to make economic sense.
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